Community-owned energy co-operative Community Power Cornwall has acquired wholly owned subsidiary West Country Renewables for £1.34 million. It said this is the first time a Cornish community energy society has bought an existing company and claimed assets being transferred from private…
News
Ingenious-backed company offers on-site power to beat rising ‘brownout’ fears
by New Power •
Argonaut Power and Powerstar have announced plans to provide fully-funded battery storage and on-site renewable generation for commercial and industrial customers. The aim is to enable customers to decrease their bills through the reduction of grid charges, to improve business…
News
Neuconnect takes forward plans for Germany-GB Interconnector
by New Power •
Neuconnect Britain has applied for an interconnector licence for a direct link between GB and Germany. The 1,400MW HVDC connection will comprise two submarine cables totalling around 670km and has a connection agreement at Greystones on the Yorkshire coast (for the GB end)…
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More customers stuck with meters that turn dumb on switching as ‘fully smart’ meters delayed until December
by New Power •
Energy suppliers will get two more months until they have to stop rolling out early-version (‘Smets 1′) smart meters and have to install fully functional (‘Smets 2′) meters instead. A consultation from BEIS proposes extending the deadline from 5 October to 5 December, with derogations until…
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New portal links renewable energy assets with corporate buyers
by New Power •
Renewable energy strategy consultancy Almach has launched an online renewable energy procurement platform. The RE-search portal links large corporate energy users with renewable project owners and developers. It offers a procurement tool that identifies and secures long-term renewable energy supply via corporate…
News
Minesto begins test of tidal energy project
by New Power •
Marine energy developer Minesto has begun commissioning its first commercial-scale tidal energy project. Initial sea trials of the company’s DG500 tidal energy converter are taking place in Holyhead harbour and Holyhead Deep . David Collier, Minesto’s chief operating officer, said: “The commissioning…
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Robin Hood Energy to join Warm Homes scheme as it posts surplus
by New Power •
Robin Hood Energy has announced it has made an operating surplus in its third year of trading. The company accounts, submitted to Companies House, have been independently audited to verify a trading surplus of £202,000. This surplus will be used…
News
UK pension investors take stake in EDF Renewables
by New Power •
EDF Renewables has sold a 49% stake in its wind farms to Dalmore Capital and the Pensions Infrastructure Platform (which brings together UK local authority pension schemes). The cash proceeds to EDF at close for the 49% stake are £701…
Editor's blog
A Brexit conundrum for the electricity sector
by New Power •
Here’s a special case for the Brexit discussions on the single market. The Republic of Ireland is, and remains, a member of the European Union. Northern Ireland is and remains a part of the UK. Each has an electricity market…